Two Sigma Advisers LP Purchases 256,800 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Two Sigma Advisers LP lifted its position in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 24.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,305,400 shares of the financial services provider’s stock after acquiring an additional 256,800 shares during the period. Two Sigma Advisers LP owned approximately 1.27% of FTAI Aviation worth $188,030,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Two Sigma Investments LP lifted its holdings in shares of FTAI Aviation by 16.6% during the 4th quarter. Two Sigma Investments LP now owns 844,772 shares of the financial services provider’s stock worth $121,681,000 after acquiring an additional 120,289 shares during the period. Shellback Capital LP bought a new stake in shares of FTAI Aviation during the 4th quarter worth approximately $76,510,000. Redwood Investments LLC increased its position in FTAI Aviation by 288.8% during the 4th quarter. Redwood Investments LLC now owns 44,115 shares of the financial services provider’s stock worth $6,354,000 after purchasing an additional 32,769 shares in the last quarter. ProShare Advisors LLC increased its position in FTAI Aviation by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 28,608 shares of the financial services provider’s stock worth $4,121,000 after purchasing an additional 9,413 shares in the last quarter. Finally, Pathstone Holdings LLC increased its position in FTAI Aviation by 4.9% during the 4th quarter. Pathstone Holdings LLC now owns 52,890 shares of the financial services provider’s stock worth $7,618,000 after purchasing an additional 2,469 shares in the last quarter. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Performance

Shares of NYSE FTAI opened at $117.98 on Monday. FTAI Aviation Ltd. has a 52-week low of $75.06 and a 52-week high of $181.64. The firm has a 50 day moving average price of $104.18 and a two-hundred day moving average price of $124.32. The stock has a market cap of $12.10 billion, a P/E ratio of -1,179.68 and a beta of 1.64.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.08). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. During the same quarter last year, the firm earned $0.31 earnings per share. The company’s quarterly revenue was up 53.7% on a year-over-year basis. Analysts predict that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 16th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Friday, May 16th. FTAI Aviation’s dividend payout ratio is currently 571.43%.

Insider Activity

In other news, COO David Moreno acquired 6,580 shares of FTAI Aviation stock in a transaction dated Friday, May 2nd. The shares were bought at an average cost of $94.85 per share, with a total value of $624,113.00. Following the purchase, the chief operating officer now owns 231,623 shares in the company, valued at $21,969,441.55. This trade represents a 2.92% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Stacy Kuperus acquired 1,087 shares of FTAI Aviation stock in a transaction dated Friday, May 2nd. The stock was purchased at an average cost of $92.90 per share, for a total transaction of $100,982.30. Following the completion of the purchase, the insider now owns 88,423 shares in the company, valued at approximately $8,214,496.70. The trade was a 1.24% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have bought 10,667 shares of company stock valued at $1,008,715. 1.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on FTAI shares. Morgan Stanley lowered their price objective on shares of FTAI Aviation from $168.00 to $138.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. JMP Securities lowered their price objective on shares of FTAI Aviation from $190.00 to $180.00 and set a “market outperform” rating for the company in a research report on Thursday, May 8th. Citizens Jmp upgraded shares of FTAI Aviation to a “strong-buy” rating in a research report on Thursday, May 8th. Royal Bank of Canada lowered their price objective on shares of FTAI Aviation from $140.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Finally, Citigroup reiterated a “buy” rating on shares of FTAI Aviation in a research report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, FTAI Aviation presently has a consensus rating of “Moderate Buy” and an average price target of $171.83.

FTAI Aviation Profile

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.